It’s Official: TRID Kills Mortgage Profits

HousingWire, Mar. 17, 2016–Swanson, Brena

The net gain on each loan originated by independent mortgage banks and mortgage bank subsidiaries plummeted 60 percent in fourth-quarter 2015 due to the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October, the Mortgage Bankers Association reported.